How Do You Spell MORATORY?

Pronunciation: [mˈɔːɹətəɹˌi] (IPA)

The word "moratory" is a legal term that refers to a delay or suspension of an obligation or action. Its spelling can be confusing because it contains two vowels that can be pronounced in different ways. The first syllable is spelled "mo" and is pronounced using the long o sound /mɔ/, while the second syllable is spelled "ra" and is pronounced using the short a sound /rə/. The final syllable is spelled "tory" and should be pronounced with the long o sound as well /tɔri/.

MORATORY Meaning and Definition

1. Moratory, also known as a moratorium, refers to a temporary suspension or delay of a particular action, typically pertaining to financial obligations or legal proceedings. The term is commonly used in the context of financial and contractual agreements, where it represents an official decision to grant relief or respite from certain obligations for a specified period.

   In a financial sense, a moratory could be declared by a government or a financial institution, targeting a specific sector or group of individuals facing economic distress. This temporary suspension could involve the freezing of debt repayments, such as loan principal, interest, or penalty payments, providing borrowers with a grace period or relief from immediate financial burdens.

   Furthermore, a moratory can also be enacted within legal settings, especially relating to legal actions or judgments. It may refer to the postponement of a lawsuit or legal proceeding, providing parties involved with additional time to prepare, negotiate, or resolve their issues outside of court. This temporary halt often results from circumstances where further action might not be appropriate or feasible.

   A moratory is therefore a tool utilized to alleviate financial or legal pressure by introducing a pause or delay, granting room for individuals, businesses, or entities to reassess, reorganize, or recuperate their current situations. The duration of a moratory is typically defined from the moment of its declaration and can vary depending on the specific issue at hand.

Common Misspellings for MORATORY

• noratory
• joratory
• mkratory
• mlratory
• mpratory
• m0ratory
• m9ratory
• moeatory
• modatory
• mofatory
• motatory
• mo5atory
• mo4atory
• morztory
• morstory
• morwtory
• morqtory
• morarory
• morafory
• moragory

Etymology of MORATORY

The word "moratory" derives from the Latin term "moratorius", which is derived from the verb "morari", meaning "to delay" or "to linger". In Latin, "moratorius" refers to something related to delay or postponement. Over time, this Latin term made its way into English, and "moratory" came to be used specifically in legal and financial contexts to refer to a period when certain actions or debt payments are temporarily suspended or delayed.

Plural form of MORATORY is MORATORIES